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ANALYSIS <br />wx . 46 PAGE -166 7 <br />The material has been reviewed* by staff with their general approval. The proposed <br />resolution provides additional protection to the County of providing for buildup of <br />a $10,000 franchise maintenance escrow fund, and an impact escrow fund for any unsold <br />lots. The rates are similar to what the County charges. <br />This hearing had been advertised for 1:30 PM on July 1, 1981 in the Press Journal <br />issues of June 19 and 20, 1981. _ <br />An inspection of the franchise plants has been made and their performance -is <br />acceptable. We have requested copies of the treatment reports that are submitted <br />monthly to DER and requested some improvement in the "housekeeping" of the water and <br />sewer plants. <br />RECOMMENDATION <br />We recommend that the proposed franchise changes be approved by the Board of <br />County Commissioners. <br />DISCUSSION ENSUED REGARDING FINANCIAL STATEMENTS, <br />ATTORNEY MANNING EXPLAINED THAT HE HAD PERSONAL FINANCIAL <br />STATEMENTS FROM THE INDIVIDUAL PARTNERS, <br />UTILITIES DIRECTOR LINER COMMENTED THAT THIS WAS A COMBINED <br />WATER AND SEWER FRANCHISE AND THE AMOUNT OF':$10,000 FOR THE FRANCHISE <br />MAINTENANCE ESCROW FUND WAS SELECTED AS A PROPORTION THAT SHOULD <br />COVER THE TYPE OF MAINTENANCE FOR THIS SIZE SYSTEM. <br />DISCUSSION ENSUED AS TO THE METHOD USED TO ARRIVE AT THE <br />ESCROW FIGURE. <br />ATTORNEY MANNING STATED THAT THEY ARE AGREEABLE TO THE <br />ESCROW AMOUNT BUT WERE LED TO BELIEVE THAT IT COULD BE USED ON AN <br />ON—GOING BASIS FOR MAINTENANCE. <br />ATTORNEY COLLINS AFFIRMED THAT THIS MONEY WAS ONLY TO BE <br />USED IN THE EVENT OF A DEFAULT — THE MONEY WAS NOT AVAILABLE ON A <br />DAY TO DAY BASIS. <br />ATTORNEY MANNING SUGGESTED THE PROPOSED RESOLUTION IN <br />SECTION 2, WHERE THE FUNDS WERE DISCUSSED, SHOULD READ "BE USED <br />ONLY IN THE EVENT OF A DEFAULT". THE BOARD AGREED, <br />DR. JAMES WILSON, PARTNER, IN THE BREEZY VILLAGE FRANCHISE, <br />CAME BEFORE THE BOARD AND ADVISED THEM THAT THEY WERE RUNNING AT A <br />LOSS EVERY MONTH. <br />COMMISSIONER SCURLOCK NOTED THAT THERE WAS NO RENEWAL OR <br />REPLACEMENT FUND AVAILABLE FOR THIS SYSTEM. <br />